Business news

Business

Smart utility meters drive down manufacturing costs—if managers use them

A new study of the extent to which "smart utility meters" can improve energy efficiency in manufacturing finds that the willingness of managers actually to make use of the technology is a key driver in reducing energy consumption ...

Business

Factory and warehouse rooftops offer untapped opportunity to help disadvantaged communities bridge solar energy divide

Lower-income communities across the United States have long been much slower to adopt solar power than their affluent neighbors, even when local and federal agencies offer tax breaks and other financial incentives.

Business

German court rules against Mercedes in emissions case

A German court ruled Thursday that auto giant Mercedes-Benz knowingly installed emissions-cheating devices in some diesel vehicles, opening the door for owners to seek compensation.

Business

Responsible AI: Three tools to help businesses

Artificial Intelligence (AI) is one of the most powerful tools developed in recent decades. And, as the saying goes, with great power comes great responsibility.

Business

Fallen crypto tycoon Bankman-Fried gets 25-year sentence

Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday—a stunning descent for a figure who seemed poised to lead an emerging sector less than two years ago.

Business

The Bankman-Fried verdict, explained

Sam Bankman-Fried co-founded the FTX crypto exchange in 2019 and quickly built it into the world's second most popular place to trade digital currency. It collapsed almost as quickly. By the fall of 2022, it was bankrupt.

Business

Crypto fraudster Bankman-Fried faces sentencing

Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced Thursday following his conviction in one of the biggest financial fraud cases in history.